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Cyberattack Forces World’s Largest Bank to Trade Via USB Stick in Unprecedented Incident

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November 10, 2023
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In a historic turn of events on Thursday, the world’s largest bank, Industrial & Commercial Bank of China Ltd. (ICBC), was compelled to trade in the global market using a USB stick following a cyberattack on its US unit. The attack, attributed to the notorious Lockbit criminal gang with ties to Russia, disrupted ICBC’s ability to clear substantial volumes of US Treasury trades…

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